The PlanetSide 2 Website now offers the promised announcement of PlanetSide 2, a follow-up to SOE's MMO shooter. They offer some screenshots and concept art, a teaser trailer showing cinematics and gameplay, and a FAQ saying the game will be an MMOFPS, will include three factions, and will offer vehicular combat. They plan a beta before release, but a release date and the game's business model are not being revealed at this time. Here's word from the FAQ:

What is PlanetSideŽ 2?
PlanetSide 2 is a Massively Multiplayer first person shooter that delivers truly epic, massive combat on a scale never before seen in stunning, breathtaking detail. Battles take place not between dozens of troops, but thousands; with air and ground vehicles slugging it out alongside squads of troops. Whether in open fields, tightly-packed urban centers or enormous structures, winning requires strategic teamwork and a quick trigger finger.

Is PlanetSide 2 an MMO?
Yes. PlanetSide 2 is an MMO FPS set in an online persistent world where the war wages non-stop and the balance of power shifts with every base and territory captured and lost. Players will be able to unlock diverse combat roles by advancing through the deep skill trees, including several classic roles from PlanetSide. As players unlock new roles, they can switch between them at will.